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light and life and light in the city and the lights and the lifestyle. what is your perception of the connection between the two in each finger. why anyone thinks that it's yes i think our own server. those revenues. cp world so that he did concede that the bowman of the cd original building course the two small parts on at the same time. we can go the lights he has become sort of offence that night p and without consciously on being aware of the key tells of the night you could die and ict you know i can eat own we believe that life has a great impact on both our individual level and is about as the society of the next and so on. we hope to. on the awareness of mike tindall and my weekend we have better living and i'm inside them ok and the people would start the program today for example what happened number of very skilled technicians who would try to fix the light in our studio in sydney today you a night when we appear on the hill that they would know that better than we actually are. and the oatmeal the same kind of concept applies in delight and two other you know every
to last their ship are striking. in 100 cities they are striking, demanding pay. today's strikes are the latest move in a campaign that started last summer. the medium wage is slightly more than $900. >> the workers live in poverty, working in conditions. >> more than two and a quarter americans have non-management jobs with the top 10 fast food chains. anti-government forces, and the post soviet leaders issued solidarity. one is viktor yushenko, coming to power after the orange revolution in 2004. >> the protest scores have persisted for weeks. barnaby phillips reports from kiev. foreign ministers from across europe have come to kiev. this was a scheduled meeting of the osce. it's not in relation to the political crisis specifically, but you can imagine at that meeting ukraine is bound to feature and there'll be different preaches. for example, the general j the polish and the swedish for instances have been outspoken critic much russia's policy towards ukraine. but sergei lavrov, the russian foreign minister is here, and yesterday he condemned what he called n.a.t.o. inference
the city of detroit to proceed with its bankruptcy filing and shed up to $18 billion in debt. it's the largest public bankruptcy in u.s. history. the judge turned aside challenges from unions, pension funds and retirees who stand to have benefits cut. later, retiring mayor dave bing called for all parties to work together. >> we have got to start changing the conversation and we can't think that bankruptcy is the worst thing that ever happened to us. it can help us now because it will allow us once again to deal with the things that should have been dealt with over the last 20 or 30 years. the city cannot go forward with the kind of debt and liabilities that we have on our balance sheet. >> >> ifill: detroit's emergency manager, kevin orr, has said the city is now using 40 cents of every dollar collected to pay its debts. he warns that figure could rise to 65 cents without bankruptcy relief. >> major cuts in retirement benefits for thousands of state employees, and retirees, the legislature approved a bill that also raises the state retirement age. it is the latest effort to help
a business in a bankrupt city. detroit opens its very first distillery in 100 years. ♪ good morning and welcome to al jazeera america, i'm morgan live from new york. this morning 26,000 commuters in new york city suburbs have to find another way to get to work. this after a train derailed yesterday just outside of manhattan. the accident left four dead and dozens injured and ntsb investigators have now recovered the train's data recorder and trying to determine exactly what caused the crash. >> our mission is to understand not just what happened but why it happened with the intent of preventing it from happening again. >> reporter: the train jumped the tracks just as it was getting ready to leave the bronx and cross into manhattan and 7 cars derailed with the lead car feet away from the hudson river. it happened along a curved section of the track and trying to figure out the excessive speed played a role. an al jazeera's john is here live from the bronx, john? >> morgan good morning. the hudson line of metro north railroad is one of the busiest commuter rail routes in the world. 2
liabilities detroit's bankruptcy plan, the ruling allowing the city to cut retiree pensions. >> joe biden's trying to find a diplomatic solution over disputes between china and japan. >> he's alive. >> what started as a recovery mission becomes a stunning rescue. the sole survivor of a capsize at sea stuck from days on the bottom of the atlantic. >>> a good morning and welcome to al jazeera america. it's good to have you with us. i'm drait. in a major development. the engineer of the train apparently admitted to a nunion representative that he nodded off at the controls. it happened while the train travelled at 82 miles per hour. the ntsp removed the commoout ear rail employees union, citing a breach of confidentiality when they talked to the media. >> al jazeera correspondent has the latest on the investigation. >> for the first time since the metro north train derailment leaving four dead and dozens injured attention is shifting from mechanical failure, focussing on the train's engineer. >> based on this data, there's no indication that the brake systems were not functions properly. >>
been. a monumentel ruling for the motor city, a judge decides if detroit can file for bankruptcy today. resignation rejected, thailand's prime minister refuses to step down as antigovernment protesters storm her office building. and protection from poachers, how the illegal ivory trade is threatening elephants. ♪ 82 miles per hour, that is how fast federal investigators say a commuter train was traveling before i derailed sunday outside new york city. the train was heading into a dangerous curve and should have been going 30 miles per hour. good morning and welcome to al jazeera america, it's good to have you with us, i'm thomas. crews used heavy equipment to clear the crash scene and turned the derailed cars upright and put them back on the tracks. al jazeera erica has the latest on the investigation and good morning. >> investigators say over the next few days the rail cars and train will be moves to a secure location for a more detailed examination. at this point they have not determined if the train wreck which killed four people and injured 60 others was the result of facility b
of a city block. >> there were multiple gunshots fired. >> it can track a gunman thousands of miles away. >> if you can track it then you can predict it. >>> severe winter storms are causing power outages and caused so much trouble with traffic across the country. temperatures in north dakota plunged to 20 degrees below zero over the weekend. winter weather advisories are in effect from vermont to virginia as the system moves east. we have more on all of this weather across the country. jaleel la. >> the conditions across washington, d.c. to new york city are alley deteriorating. look at the traffic cam right now. the roadways empty. they should be empty. look at that snow piled up on the roadways. that's the scene in washington, d.c. very different scene in new york city. cloudy skies for sure. don't worry, the snow and the sleet is on the way, and temperatures are going to plummet as we track on into the evening hours. take a look at the map here behind me. as a matter of fact, this is i-70 just east of i-270 right outside of frederick, maryland. the roads are looking horrible right no
. and saving an ancient city art.gh we will tell you what pablo picasso's grandson is doing to was once partich of the alexander the great empire. we are back in a few minutes. >> welcome back to "money moves" on bloomberg television and on yourg all day long tablet, phone, and bloomberg.com. some argue the fed will reduce this month sooner than previously thought. credit specialists just one paying extra close attention. credit hedge fund manager recently shared her insights as the environment. she wrote a book as well, "investing in credit hedge funds oz." as she says, everyone is exposed to credits whether they realize not. >> the most interesting for me is the fact that the credit evolve.ontinues to and sitting on the seat, you know, on the front row managing actual portfolio for institutional investors when i look at where we were coming out of the credit crisis up to today, it's amazing the speed with which the market has evolved and also the expense of the fed intervention since then. thend i know that one of reasons that you actually wanted to work on the book is because you were the on
, it was about the same time ms. tech city. tech city is this country's most important technology clusters and in fact one of the world's most important technology clusters. the fact that the government and private sector can work together , if you look at media city and manchester and every other big city, tech city has provided a blueprint by which these clusters of businesses can come together. the most important thing is atop the story up in terms of how successful tech city has been to this country. there are so many other things that can be done. the doubling of the start up an important part of backing a proven winner which is small business. >> one of the things i've yet to truly feel is the link from a geographical point of view between what is a hundred meters down the road that way and what is a hundred meters up the road that weight. we saw the technology boom collapse in 2000, what that did was act as a kickstart her for what was a huge evolution of the tech scene. with having a similar thing in financial services. it is get these two -- starting but you sense that we are in t
of sending illegal mailers to discredit magna lay that when she ran for san jose city council in 2010. rematch will take place in the june primary. [ inaudible ] the illegal campaign mailers will sent to those of vietnamese community and made her look like a communist. >>> he is due to start speak at 8:15 this morning. ktvu will provide coverage. >>> also this morning california republicans are defending a website that criticizes the new health care law. >> democrats say taxpayer money should not have been used to create the site. it looks too much like the real website for the state's health care exchanges and could prevent users from signing up. the gop site has links to medial coverage detailing problems with the law. >>> two runners from kenya will participate in their first competition this sunday thanks to the kindness of a complete stranger. through a new organization he started through kenya. davis says he was inspired by the elite runners that come from a small town with no running water or electricity. they will be running in the california marathon this sunday. but first th
-per-hour curve. >> federal investigators say the commuter train that ran off the tracks in new york city was traveling at a high rate of speed moments before the deadly derailment. now, the investigation focuses on the engineer who was at the controls. >>> llions of americans get ready for an early dose of winter. a cold front threatening to send temperatures nearly 50 degrees below normal in some parts of the country. >>> and amazon makes a big announcement. it hopes to have drones make deliveries, but what will it take to get the program off the ground? this is the "cbs morning news" ground? this is the "cbs morning news" for tuesday, december 3rd, 2013. captioning funded by cbs >>> good morning, it's good to be with you. i'm anne-marie green. it's still unclear why, but federal investigators have determined that the new york commuter train was going way too fast when it jumped the track sunday morning. here's the latest. the metro north train's data recorder showed that the train was going 80 miles per hour when it entered the curve where the posted speed is 30 miles an hour. it's sti
that 30% of the traffic in a city is caused by people looking for parking. that's remarkable that so much energy is, is wasted. streetline has looked at the problem of parking, which has not been looked at for the last 30, 40 years, we wanted to rethink that whole industry, so we go and put out these sensors in each parking spot and then there's a mesh network that takes this information sends it over the internet so you can go find exactly where those open parking spots are. the collaboration with citi was important for providing us the necessary financing; allow this small start-up to go provide a service to municipalities. citi has been an incredible source of advice, how to engage with municipalities, how to structure deals, and as we think about internationally, citi is there every step of the way. so the end result is you reduce congestion, you reduce pollution and you provide a service to merchants, and that certainly is huge. losing thrusters. i need more power. give me more power! [ mainframe ] located. ge deep-sea fuel technology. a 50,000-pound, ingeniously wired machine that o
city was going much too fast. the metro north train was going 82 miles per hour as it entered a sharp curve. it did not slow down at all until it was too late. >> sunday's derailment killed four people and injured more than 60 others. investigators are focusing on the veteran engineer who was driving the train when it ran off the tracks. jeff pegues is at the accident scene in the bronx. good morning. >> reporter: good morning to our viewers out west. investigators have begun interviewing the train's engineer and piecing together a time line of events on sunday. still they say it's too early to determine if human error or mechanical failure is to blame for this derailment. newly released video offers a close-up look at sunday's metro-north train accident. the crash chewed up 800 feet of track and left railcars toppled over and buried in gravel. >> a train turned over on its side. we have multiple people trapped. >> reporter: monday federal investigators revealed that just before the train veered off the track it was traveling nearly three times the speed limit. >>
people. wonderful city. >> they all invited us out to dinner. >> would you like to come over and have some dinner with us. they are just very polite. >> very polite. >> gracious people. >> mike barnacle is here. >> mike you have a prediction coming off last night. >> seattle is going the super bowl. >> they took apart new orleans. >> stopped them. >> what happened? when did they become such a great team? >> that's a good question. and i think if russell wilson and the seattle seahawks played on the east coast russell wilson would be the face of the national football league. but he plays in seattle. might as well be playing in beijing. you don't hear a whole lot about him. the kid is incredible. there would be no rg3. it would be russell wilson. >> i hate people who are so east coast centric. >> it's awful. >> is ellsbury going to detroit? that's what everybody right now in san antonio is asking. >> he could be going to seattle, 140 million. could be going to detroit, seattle, maybe texas. >> this is stuff you talk about usually before the show or during the break. in washington we hav
it can take you right into a city, it solves that last mile problem that you have with planes and ships. a train, though, because it can arrive in a city there is rail passing right through metropolitan centers including baltimore, the mentioned the fire there. chicago had 13 derailments alone in 2012. you have washington, d.c. where a big and very dangerous chemicals can pass within a mile of the white house. the gulf coast is where most of the nation's chlorine is produced and moved. in las vegas within half a mile are 95,000 people, and there is a train that goes right through there that occasionally carries radioactive waste. >> thank you. now the government said it's healthcare winds is up and running for most people. thousands of customers are testing the system. the affordable care act wins has been plagued by problems since it's october is launch. people looking for insurance coverage only have three weeks to sign up. mike viqueira joins us from the white house with more. how is the website doing today? >> they say they have a lot of problems fixed, and you're right, john, it's
they are sticking behind their men. >> thank you very much indeed. a 24 hour curfew is in the nigeria city after fighters attacked the international airport and an airforce base. military and government officials say dozens of people may be dead including 20 gunman. three aircraft, two helicopters and several cars were hit in the predawn attack and this is the latest live and what are you hearing about the events? >> according to eyewitness according hundreds of fighters stormed the air base and the airport setting off explosive devices and firing automatic weapons screaming god is great in arabic. and they were engaged with personnel in a five-hour battle that went from 2:00-7:00 a.m. and several military helicopters were lost in the fighting and military said more than 20 insurgents were killed and two airforce personnel were injured in the fighting. it has been difficult to get information out of this region because since the state of emergency was declared in the area, the fight and telecommunications have been cutoff because the military say that is how they communicate and that is why this
respects. he visited the city after being released from gaol. brian rooney is in la. how are the people there remembering nelson mandela? >> this is one of the most prominent, probably the most prominent black church in los angeles. a lot of people met nelson mandela, thought and prayed about him. they feel a connection to him. they have several services this morning. one dedicated to nelson mandela. the music is fantastic. i'd like to take a moment to take a listen to it. [ singing [ singing ] >> and, of course, there was words of remembrance from the pu pulpit about nelson mandela. >> he dismantled from his prison sell. the giant and the ungrateful wronged giant of apartheid. he disassembled it and brought about hope and liberation not only for himself, but peace-loving people throughout south africa. >> people felt a connection to nelson mandela here. many met here. we spoke to a paritioner who has been here 27 years. one of the most memorable days of her life is when she met nelson mandela. >> i will always remember is that. what is a blessing to meet this gentleman. the one who tol
and freezing drizzle so there's still spots in the suburbs north and west of all the big cities on i-95. it's not a blockbuster snow or ice. a lot of schools probably have delays because temperatures will warm up and it's going to get better as we go throughout the next couple of hours. windchills. in negative numbers in salt lake city. fargo at minus 25 and it's heading for the great lakes and new england as we go throughout the mid-atlantic as we go throughout the middle of this week. again, be careful out there in areas. we've had snow in chicago, st. louis, indianapolis has freezing drizzle. just a lot of chrunchy stuff. not fun for vegas. you want it to be warm. >> cold for my mom today. >>> we bid gosay good-bye to ne mandela today. president obama will be among the tens of thousands attending the memorial. ron allen alive outside his former home in soweto. good morning to you. >> reporter: good morning. it's another very emotional day here. perhaps a day of preparation for the huge memorial service that will trach place at a soccer football stadium tomorrow that seats some 80,000 peo
elected. not only that, they didn't want a city manager to be appointed. and despite their wishes, despite the wishes of the voters, a governor imposed this on the voters of detroit. and now when you bring kevin orr in, look, if you are having trouble in your marriage, do you bring in a divorce lawyer or counselor? which one you bring in tells me what you're thinking about. already they were thinking we're going to bankrupt this city. and there's 100 and some other odd cities out here in the same position. are they going to do that to them? and i can't help but believe that the re pudation of democracy is a sad day for america. i know naacp has prepared a lawsuit, along with others to appeal this decision. but i think this is a sad day in america and democracy. but guess what, this is theca anywayy in the coal mine. what's to detroit now will happen to you later. and about the health care thing, they think the menu is messed up. the actual food was great in the restaurant. >> right. >> the menu is messed up. we ain't going to eat the menu, dude. >> and high ironic the same party providing
back to that level. >> saying pretty please. >> also, very serious story out of motor city. detroit is now broke city. a judge ruling a little -- a few hours ago the city's bankruptcy can go forward in what will be the biggest municipal bankruptcy in u.s. history. this is not a huge surprise but is a big disappointment for the pension plan out there. it has much wider implications for investor. anybody that owns a muni bond needs to sit up and pay attention to this story. we'll tell you why and what it mean. >> same for anyone with a pension. >> let's take a look again at markets across the major indexes. we're seeing red, down about 0.7% on the dow jones. nasdaq still above 4,000, off about 12 points or so. that ten-year bond yield, above 2.8% earlier, has sunk after we saw heavy losses across the european session as well today. >> let's talk about today's market action. our "closing bell exchange" joined by meg green from meg green and associates. scott cavanaugh from first foundation. rob morgan from fulcrum securities. mike santoli and rick santelli. i lov
at the timing. lots of cold air in place. on 4 o'clock that's when we'll see the snow in new york city. it looks like we may not see much, but we are finally seeing the snow come down past new york, and then we'll get a mix of the warmer air surge from the south and the wintry weather will change to rain, so the monday morning commute will be a bit nasty. >> breaking news out of iraq where 16 are dead after a series of bombings across baghdad. it occurred in are predominantly shiite muslim district. violence in iraq has reached levels not seen in years. >> south korea raised the stakes expand its air defense zone. it follows a move by china. the south ean and chinese areas overlap. japan says they'll talk with their neighbours about access. >> it's a direct response to china's extension of its air zone. that extension overlaps seen's air defense zone and pertinently japan's one. china and japan over the island. that's an area includeing a reef. there is a south korean scientific research station built on that, it has a helipad on it and is under de facto south korean control. because of an accid
and they have to deal with the city, state, and federal regulation. >> tim talked about it earlier, but i think you will see over the next two or three years, you will see governments -- local, federal, international governments or non-u.s. governments, get involved in a coastal -- in a whole slew of technology related things. as it relates to businesses like uber, as they scale up you will have local cities trying to figure out how it relates to their existing franchises an existing fleets. .t will be very uneven i am saying generally government should stand back away from this le atse government's ro this stage, you can't actually discern what the new economy -- >> for example, do you predict the city of new york will stand shares uber takes market from limos and taxicabs? >> the previous it ministration would have. the new administration, we will see. >> you have stuff and you want to share it and you make money on it. when does regulation makes sense? you had a report yesterday uber brings and $20 million a week. should they be regulated and taxed like a regular taxi commission? number was
city commuter train that left four passengers killed and dozens more injured. they say the metro north train was going 82 miles an hour! >> wow. >> into a sharp curve that had a 30 miles an hour speed limit. that, folks s a bad combination. but it is still too soon, they say, to determine who or what is to blame here. a lot of questions. cnn's renee marsh is following developments for us. >> reporter: john and zoraida, we know this morning how fast that commuter train was going but still don't know why. the report shows that the train was traveling at approximately 82 miles an hour as it went into a 30-mile-an-hour curve. that is too fast for an approach that had a speed limit of 70 and way too fast for the curve's 30 miles per hour limit. deepening the mystery, the ntsb says in two minutes, the train insplikly went 82 before jumping the track. mechanical problem or human error is too early to tell. rockefeller, 20-year veteran of the record, why was the train going so fast? we know investigators say he tried to brake but the train didn't stop according to a law enforcement official. t
, invest in clean energy, to help our cities and towns build in more resilient ways so that they can add depth to a changing climate and keep our communities safe, but also to prepare to be a broader and more vocal leader on the issue of climate change in international discussions. as you know, in september, epa proposed urban pollution standards for new power plants using our authority that congress gave us under the clean air act. those power plant labor --ations our proposals regulations are proposals that would impact new facilities being constructed. new would ensure any facilities from this point forward would use modern technologies that are available to reduce carbon pollution. epa will also next june be proposing new standards that will also provide significant flexibility to the state that will effectively protect public health from carbon pollution from the existing power plants. that will be an opportunity to reduce the current levels of carbon pollution emitted by power plants and put us on a energy, cleantic energy generation and innovation. of bothut the process looking at
station to the itth of mexico city is where was stolen. the truck taking to a storage point was seized at gun as the driver made an overnight stop. he was tied up before he was able to hit the are a hrarpl. was to ink the motive steal the vehicle. the vehicle wases are expensive mechanisms to unload heavy material. that type of theft is common from that area. why we feel the people who did this have no idea what they stole. what are the dangers? toep truck was the iso cobalt 60. can be produced as a by-product from a hospital where medical sterilization is one of uses and the other is cancer treatment by means of radio therapy. ut the great danger is a so-called dirty bomb mixing it explosives could spread radioactive material over a large area. has a powerful emitter so if were you to radiate someone they would have radiation poisoning after a time unless the person who knows what apart is taking it knowledgeable. he would probably kill himself before he could hurt anyone else. >> the authorities insist the missing cargo is suitably well protected. agency rnational energy aid at the
in cardiff city's three nil loss while keith o'neill played the full ninety minutes in sunderland's nil nil time now finishing off with korean ladies called operates time on the brake to the top where owners at the cape lpg award ceremony the twenty one year old was given the tour's player of the year award along with the ones with the top money and points finish. so hats off to her for a great performance all season long. now that does for me here the sportscenter this has been speeding tech tech tech at midnight for the latest in the world of sports. cr. i did. a cheesy you see eye to eye. a day shea. last week it felt as if winter was right around the corner but today felt like fall weather. we then for an outlook of the weather forecast for december let's go over try to put down at the left of center put down the evening giants he had these days it's difficult to get a grasp of the weather because it changes so frequently. but lest i get that idea on how to stem that is shaping up well in early december went for a catch to get more than an epic showers or snow especially in the southern
it predict for the market? city judge would you should do by what he says? joining me now, coke portfolio manager. and your cornerstone madcap 30 fund year today at 27%. slightly better than the s&p 500, not easy to do. year-over-year up 20%. you are bullish or bearish? >> bullish. that think there is opportunity left in the market. you know, i see a pullback. putting more to work. i think of the next few years we are expecting hide single-digit returns. nothing will be a blockbuster like this year, but certainly prices where i want to be invested in the equity market. liz: when you say pullbacks, all you have seen is a one to 3 percent pull back here and there. is that what you are talking about? we have not seen big drops in the market. >> and they're right. i think everybody has been kind of waiting for these to happen and they just have not materialized. one of the fortunate things that we do, we are mandated to basically keep less than 5% in cash. we constantly keep our money invested in the markets. because of that we have had good returns. liz: it has worked. that is the problem. a
thoughts of what is next. span, we are featuring the history and literary scene of the northern idaho city and on american history tv and booktv, 5:00 eastern time on c- span3, we will air our look at the area's connection to the area nation and its leader, richard butler, and how concerned citizens fought against the group. here is a preview. >> an aerospace engineer who retired in the mid-70's and moved with his wife betty and they bought property and he make the land and property a nonprofit church. that was basically the birth. 1981, they burned the first cross there on the property and started holding annual world congresses. >> richard butler was not a person that was dynamic and he was not a great speaker, but he was quite effective at publicity. lot ofas able to get a publicist he not only with the national media, but even at times international media. i think they were fascinated with the idea that he created these two organizations. it was somewhat unique in the sense that his political arm, which was neo-nazi are really not the nasty datsun -- doctrine, the political arm, and th
outages. flight cancellations. in oklahoma city, slick roads, many motorists stranded and causing an suv to flip over there. in california, three people died of hypothermia because of extreme temperatures. rick has the details. >> more than one suv to flip over. caused a lot. that's one we had a picture of there. temperatures now, your actual air temperatures. it's minus 32 in glasgow, montana. i don't even understand that kind of temperature. minus 17 in minot. wind out there as well, feels much colder. like minus 47 in glasgow and these temps go on and on and across much of the south where even into parts of texas we have windchill advisories in effect. it is going to be feeling incredibly cold all the way to the south, all the way to the west. much of california had a really rough week with a lot of the agriculture out there was well. and then this storm we'll dealing with, almost done. at least the icing we saw. dallas through parts of the ohio valley and a lot of people without power. a lot of accidents. take a while to get all the power back on. now we just have the tail end to bri
for rigging key benchmark interest rates today. the amount could be 11.7 billion euros. rbs, deutsche and citi are involved. the eu competition manager is expected to announce the fines at 11:30 cet and has warned banks it could be as much as 800 million euros for the each of the groups involved. we'll have coverage of that announcement in just over an hour. >>> the british government and zone unveiling plans to invest billions, but who is set to benefit? we'll discuss the spending spree. >> around 20 minutes. >>> meanwhile, wto ministers trying to solve sticking points. will they finally agree on a global trade agreement? we'll have the latest from bahli. >>> the u.s. labor market is showing signs of healing. we'll preview the adp and nonfarm numbers at 11:30 cet. >>> and we'll stay with the u.s. despite record black friday shoppers. analysts predict more price markdowns. if you have any thoughts or comments, please e-mail us worldwide@cnbc.com. that's where we stand with the news. let's bring you up to speed with global equities right now. we're just over an hour and ten minutes into the tra
are going to start getting some snow in the city here mid-morning tomorrow. >> i saw total flights canceled, 2800 canceled as of sunday evening. three deaths in dallas over the past few days. it has been rough. >> it was towering on i-95 yesterday. it was closed at one point, just so many accidents. people were just. i know we have that here tonight. that was no way you could use cars. you need an atv. >>> with the market, cramer is here to help you get off to a fast start. we will get his mad dash after the break. one more look that futures. we have three on today. with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. losing thrusters. i need more power. give me more power! [ mainframe ] l
york city was traveling almost three times faster than it should have been but why? there's an urgent search for answers. we will talk to the person leading the investigation. >>> coerced confession. an elderly american veteran detained in north korea apologizing for alleged killings and crimes during the korean war. is this real or is it simply propaganda? >>> and underwater miracle. a man spends two days trapped in a sunken boat and lives to tell about it. how did he survive? i'm wolf blitzer. you're in "the situation room." >>> we are following breaking news in the investigation of that train derailment in new york that killed four people and injured dozens. the national transportation safety board has just revealed the metro north train was traveling at 82 miles an hour when it derailed, the speed limit for that stretch of track in that curve, 30 miles an hour. we have new video of the wreck just in from the ntsb. you can see the difficult operation under way at the crash site right now. crews are working to turn upright the train cars that flipped and remove them along with other
states, it won't surprise you it's the west coast. you look at the silicon valley area, city of san francisco which is benefiting from a lot of those young tech people wanting to be in the city, not in the valley. those are very strong markets. we expect they'll continue to be strong markets. when you look at new build development and growth for new hotels, it's not about the united states. it's about the rest of the world. still about asia. >> is it business or is it leisure you're seeing the greatest growth is what i'm getting at? >> we tend to think as consumers about the hotel business as if we're all vacationers. the fact of the matter is, when you look around the globe, probably 75% of our business is business travel or is business meetings. not vacations. obviously that varies dramatically from market to market. what that means is the strength is being driven by the strength of businesses today. more than strength of leisure consumers. that's good, too. >> i want to ask you a quick question about something in the news we've been covering a lot here on the program as well. are
cities such as chicago, philadelphia and los angeles that are suffering from the rising cost of pensions, causing spending cuts in area like public schools and police departments. joining us with his thoughts, lawrence gotlieb. lawrence, good to see you. charlie is with us in the studio, as well. do you see this decision meaning what i just read out, that, okay, pension holders will be below bondholders? >> well, it's a little early to know that. we know that we have the appropriate forum for taking these issues on. chapter nine has proved to be a valuable resource for places like jefferson county with complex problems. here we have more complex problems. it is too early to know the relative priority of claims. if it were that easy, clearly, there would be more activity in the markets, etcetera. it will be interesting. there are complex issues and important issues that we have to take on. >> what is the most important issue? >> well, here in detroit, we have a shrinking of a tax base, a shrinking of an economic base, and the government and its services have not shrunk around it. and fran
. that is why we've had protests yesterday in 100 cities, fast to get more trying money. so that creates a real issue as look at the restaurant stocks. right? because they may have to start paying more money, perhaps. did.s what we we tried to figure out who are the most profitable restaurants and who are the least and who risk.be at so take a look. panera. o ual sales for employee of $115,000. burger king, $106,000. mcdonald's, $64,000, wendy's wendy's, $57,000. mcdonald's, half asw and burger king. suddenly minimum wage going up, these are the guys who are going to get hit the hardest. case of wind yes -- wendy's, watch this. stock up 83% this year. say, wait. it's up 83%. it's only growing earnings at it's tradings and at 30 times. why would i necessarily want to long wendy's when there's this pending, perhaps, minimum wage issue? that's the problem. priorities completely backwards in this country. minimum wage, you're not making enough. workingetter off not and collecting on insurance. it's hard to fathom. >> unbelievable. really interesting. thank you for that. coming up next, we're going
. >>> meanwhile, today, is the motor city about to get restarted? decision day in detroit. the largest american city ever to seek bankruptcy protection. we'll find out its fate officially today. first today's politics planner. we told you what the president is doing. guess what? it's one of those days where hillary clinton gets an award from somebody. [ fishing rod casting line, marching band playing ] [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it in your heart. [ basketball bouncing ] heart healthy. [ m'm... ] great taste. [ tapping ] sounds good. campbell's healthy request. m'm! m'm! good.® campbell's healthy request. on the table by not choosing the right medicare d plan. no one could have left this much money here. whoo-hoo-hoo! yet many seniors who compare medicare d plans realize they can save hundreds of dollars. cvs/pharmacy wants to help you save on medicare expenses. talk to your cvs pharmacist, call, or go to cvs.com/compare to get your free, personalized plan comparison today. call, go online
launches around the world in six cities on four continents. it is a massive following all over the world. people cannot disassociate mustang from ford. the two words go absolutely hand-in-hand. >> coming up, maintaining momentum. george osborne gets set to give the statements as britain's recovery statements. what do businesses want to hear from him? we will delve into that next. ♪ >> american brands are opening their or doors here in the u k. the latest his home where company west elm. our european business correspondent, caroline hyde went to take a look and meet the ceo of the american retailer. this is attracting a lot of u.s. business. >> it is. she is head of the whole of sonoma.s- a propertyg, is it boom in the u k many are feeling that it might be a bubble. sell rather luxurious bedspreads and great soap is, cushions all the like. she always wanted to expand into europe. you can see the pictures of the store. it is quite inspirational. they are right next to heals, habitat, how are they going to set themselves apart? they are getting involved with local artists. they have insta
in a selected tech. i would talk about the society, or a city killer? probably not. on the other hand, the lone wolf -- this is true for all weapons of mass destruction scenarios or all masculine scenarios. the lone wolf terrorist operates in essentially a vacuum but in terms of supervision, in terms of restrictions or limitations, in terms of any kind of filter on what is or isn't acceptable. the true lone wolf terrorist is only answerable to himself or herself. and, therefore, by the way that means that many of the traditional deterrent tactics that we use as governments, as militaries, as law-enforcement organizations, short of identifying and capturing the would be attacker, are essential not going to have very much about. the lone wolf operates without committees, without worrying about going before an appropriate board of any kind. he does what he can do when he wants to do it. he does it to his timetable. the one that -- high explosives fall well within the universe. that goes without saying. the one that is probably i think of the most significant concern in terms of its real footprint
at japan what a city. we propose that china and japan should enhance communication and dialogue probably solve the issue flight safety in overlapping so we demonstrate our sincerity but when it comes to dialogue. japan has kept its torque loves the spokesman added that more than twenty countries have gone up their defense though. and that china's recent announcement was made to safeguard national sovereignty and ensure their space safety as for by your flight to beijing on wednesday for talks with chinese president seat in pain. before coming to seoul on thursday where he has to sit down with president park and a command and identities in other news trade officials of korea and australia met on tuesday evening to begin working level talks for joining the trans pacific partnership for ppp. the meeting took place the sidelines of the ministerial conference of the world trade organization and bali in sydney that for all twelve nations already committed to the ttp yard gather the korea which late last week expressed an interest in going to be the seasons but also meet with officials from jap
building in new york city lit up in the colors of the south african flag in tribute to the late nelson mandela. i am mark crumpton. that is it for bottom line. have a great weekend. i will see you next time. ♪ >> from our studios in new york city, this is "charlie rose." >> we begin our coverage of the death of nelson mandela with a -- the cbs evening news. >> he was born july 18, 1918. him a namegave meaning "troublemaker," but later a school teacher in nelson. at 23.d to johannesburg he became one of the nation's first black lawyers and joined the opposition african national congress in the early 1940's, devoting himself to peacefully ending apartheid. 1960, peaceful black demonstrators were killed by white south african police in in infamous massacre. men alike came to believe the only reef force -- mandela came to believe then that the only recourse was violence. >> it is futile for us to continue talking peace and a governmentgainst whose reply is only savage attacks on an unarmed and defenseless people. >> he was arrested and sentenced to life for sabotage and conspiracy
their way across the city. and terms of the scene on the ground, it is business as usual. traffic is moving better than it .ould on a normal weekday stay home and avoid the gridlock altogether. the question is what happens later today. the protesters say it is not enough that yingluck has decided to dissolve parliament and call elections. they want her to go. they want their own interim government to be installed. we will watch this story. >> we're getting these images coming from the government house where protesters are gathering. do we have any idea what will happen over the course of the rest of the day? >> it really is the unknown at this stage. protesters are contending on their way to the government house. the government has put back those barriers that they to go in last week to try to defuse some tension. restraint is the word here. yingluck says she does not want to see violence used against the protesters. that would not be ideal for anyone involved. we have a fresh memory of a few years ago of the deadly anti- government protest happened right here in the center of bangkok. some
the hood of the city of san jose police and fire retirement program. it has allotted 600 million of sean ishedge funds and here as a trustee of the fund. great to see you. eight percent is not good enough, but how are you trying to preserve the benefits for the people that need them and basically make changes that are realistic. away from the classic 60-40 allocation and got a much more diversified portfolio. a lot of different asset classes. >> i imagine you had to make that argument, was that like walking on broken glass? >> i worked with a couple different boards, and the fire police board has outside members that are citizens that worked in the hedge fund industry. it has been an easier process to update the allocation. >> as far as how you chose which ones, $600 million going into 15 funds, did you pick specialties? the ones we have seen outperform our obvious exceptions, but not global macro? very specific situations? >> we do have some exposure there. we have other funds that have struggled a little bit. we also have funds in that distressed credit space. >> each one is performing
has bought a sizable chunk of the area next to the city of london. so that gives the china business an opportunity to be near the financial center, bring in china's businesses to london. but, of course, london is a launching plat for china's businesses all around europe. so i think london is very well positioned, indeed, in terms of financial services. >> boris johnson will hear you be delighted, actually, to hear you suggest london is the financial center of the world particularly as you're sitting there in hong kong. which brings us on to how america feels about cameron out there trying to beat, drum up a trade agreement between china and the eu. how does that pitch against u.s. relationship wes japan and that asian pivot? >> well, of course, this is a -- we are seeing what's happening in this part of the world over the south china sea. it is a great power play between two world powers, the united states as the existing super power and china as an emerging challenger. so you can see the asian pivot and all these problems arising over the territorial disputes have been accentuated.
that the city of detroit will be able to reorganize its billions of dollars in debt, which means pensioners and other creditors could receive much less than they are owed. and spectacular pictures from italy where europe's active volcano is erupting again. it is the 19th time the mountain has thrown longer into the sky. there were no injuries, nor any need for evacuations, but a number of flights to the nearby airport were diverted. a russian dancer has been sentenced to six years in jail for his part in an acid attack on the artistic director of the bolshoi ballet company in moscow. he suffered severe burns and damaged eyesight as a result of the assault. james robbins has the story. >> the world's most famous ballet company. bolshoi literally means big. it employs over 200 dancers, and in good times, rings russia great precision -- great pressed each. rivalrywhen passionate turns into a salt. send to a penal colony for six years, convicted of an acid attack on the artistic director he blamed for favoring others for leading roles. the ex-convict hitman was given 10 years and the getaway dr
educational spending more effective. and, you know, when i became mayor of the city of stanford, we had an i.t. department for the city government, and we had an i.t. department for the board of education, we had computers that were aging out before they were installed because there weren't enough people to get them installed in schools. it happened in district after district around the country. we decided to put those efforts together and to work together, and we lifted the technology integration -- now, this is way back in the dark ages of 1995, '96, '97, but we lifted the use of technology pretty substantial hi in a relatively short period of time in stanford. the other thing i found was that when i became mayor of the city of stanford, facilities. now, if you look, if you talk about communities, the single largest investment that almost every community across the country has is in its schools. it's physical infrastructure. it's the most be expensive building. it has a lot of testimonying. it's got a lot of -- technology. it's got a lot of stuff in the building. but if you then scratch th
a federal judge on whether to allow the largest municipal bankruptcy filing in u.s. history, the city of detroit facing an estimated $18 billion in debt. if it is allowed to stay in bankruptcy, the decision could affect pensions, city services and health care for residents. we want to end on a cute and cuddly note. jay darden shared his close encounter with a manatee over thanksgiving weekend. it hugged his leg as he was tickling the sea cow's belly. a hug, a snuggle. he was in the crystal river near tampa that allows swimmers to touch manatees this was all condoned. he's like, thanks, fellow, i'll hug your leg. >> manatee therapy, let's bring it to the nation's capital. >> don't you think? >> let's take senators down there. don't you think? >> images playing out in my head. >> you can stand there be and hugged. maybe they need to be hugged. >> hug it out, right. >> hug it out, d.c. >> some of the man tears being choked back. >> i'm going to make a t-shirt that says "hug it out, d.c." >> i feel bad for the manatee. >> you might have something there. >> okay. >>> coming up next on "new
and almost all that growth is going to be in cities. what's the healthiest and best way for them to grow so that they really become cauldrons of prosperity and cities of opportunity? what we have found is that if that family is moved into safe, clean affordable housing, places that have access to great school systems access to jobs and multiple transportation modes then the neighborhood begins to thrive and then really really take off. the oxygen of community redevelopment is financing. and all this rebuilding that happened could not have happened without organizations like citi. citi has formed a partnership with our company so that we can take all the lessons from the revitalization of urban america to other cities. so we are now working in chicago and in washington, dc and newark. it's amazing how important safe, affordable housing is to the future of our society. >>> welcome back with breaking news on general motors. steve liesman with details back at headquarters. >> it's over. treasury's investment in general motors is done. they have renouncing the sale of their last share
and innovative software. using data predictively to help power entire cities. so the turbines of today... will power us all... into the future. ♪ >>> welcome back to "squawk on the street." october factory orders dropped 0.9%. close to expectations. looking for a round, a drop of 1%. our last look, september, originally released at 1.7, gets upgraded by that 0.1 up to 1.8. dropped under 300,000 in claims. leaped over 3% in terms of gdp. what does it all means? look at the ten-year. carl, back to you. >> busy morning for you, rick. thanks a lot. our rick santelli. our road map begins with the ford mustang today. the iconic car is getting a makeover. we'll talk to alan mulally about that and more. >> jobless claims falling below 300,000 and third quarter gdp coming in at its highest level in almost two years. we'll tell you exactly what that means for the markets in a few minutes. >> and is a deal brewing in congress inspect reports say congress could be coming up with a bipartisan agreement. we'll see if a deal can get done. >> also ahead, carl icahn is available now on a news stand n
. >> for a lot of these people, the metro north train from upstate to new york city was their way of commuting to work, and i think a lot of these people are going to have to contend with, you know, getting back to normal life at some point and having to get back on the metro north train that goes right through, you know, that same area at some point. and you know, i think that's going to be very difficult for them, honestly. i don't know how they're going to deal with that. i assume with the support of their family and whatever mental health providers, you know. i'm sure there will be some degree of post-traumatic stress for a number of the people. >> reporter: one of those injured passengers, a 14-year-old boy, rides the train to work every day. the doctor had to tell his mother not just about his injuries and how he had treated him but about the boy's father, who's got a broken spinal cord injury. that very traumatic for the family and that boy, the doctor told us his mother told him that boy is going to have to ride the train every day and go through the trauma of getting back on the train
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